Crystalline solar module profits fall to single digits, says IMS Research Press release, June 27; Jackie Chang, DIGITIMES [Wednesday 27 June 2012] Average gross profits of crystalline solar module manufacturers fell to just US$0.09/watt in the first quarter of 2012, putting huge pressure on suppliers according to IMS Research. As a result of continued price pressure and highly competitive market conditions throughout the solar industry, gross profits are forecast to continue to fall further to just US$0.07/watt by the end of 2012. IMS Research revealed that following a year of rapid price declines, when average solar module prices fell by nearly 50%, industry gross profits fell below US$500 million in first-quarter 2012, the lowest level since 2008 and more than 75% lower on year. The cause of this rapid deterioration is simply due to costs not falling as quickly as prices...